APT Satellite : Poll Results of the Special General Meeting Held on 21 December 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

*

(Incorporated in Bermuda with limited liability)

(Stock code: 1045)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 21 DECEMBER 2020

Reference is made to the circular of APT Satellite Holdings Limited (the "Company") dated 3 December 2020 (the "Circular") in relation to (a) the formation of the Joint Venture under the Investment and Cooperation Agreement; (b) the Satellite Contract and the transactions contemplated thereunder; and (c) the Novation Agreement and the transactions contemplated thereunder. Terms used herein shall have the same meanings as defined in the Circular, unless defined otherwise.

The Board is pleased to announce that the proposed resolution as set out in the notice of the SGM dated 3 December 2020 was duly passed by way of poll at the SGM held on Monday, 21 December 2020.

• For identification purpose only

1

POLL RESULTS OF THE SGM

The Company is pleased to announce the poll results as follows:

	Number of Votes
ORDINARY RESOLUTION	(Approximate %)
	FOR	AGAINST
( a ) T o a p p r o v e , c o n f i r m a n d r a t i f y t h e	116,630,378	22,511,000
Investment and Cooperation Agreement as	(83.82%)	(16.18%)
defined and described in the Circular and all
transactions contemplated thereunder and in
connection therewith; (b) to approve, confirm
and ratify the Satellite Contract as defined and
described in the Circular and all transactions
contemplated thereunder and in connection
therewith; and (c) to approve and confirm the
Novation Agreement as defined and described in
the Circular and all transactions contemplated
thereunder and in connection therewith; and to
authorise the director(s) of the Company to do
all such acts and things and sign, seal, execute,
perfect and deliver all such documents on
behalf of the Company as they may in their
absolute discretion consider necessary,
desirable or expedient for the purposes of and
in connection with the implementation and/or
give full effect to any matters relating to the
Investment and Cooperation Agreement, the
Satellite Contract and the Novation Agreement
and the transactions contemplated thereunder
respectively.

Notes:

1. The full text of the above resolution proposed at the SGM is set out in the notice of the SGM.
2. As over 50% of the votes were cast in favour of the above resolution, the resolution was duly passed as an ordinary resolution at the SGM.
3. As at the date of the SGM, the total number of Shares in issue was 928,572,500.

2

1. As stated in the Circular, APT International, CASC and their associates, who were interested in, controlled and were entitled to exercise control an aggregate 508,950,000 Shares as at the date of the SGM, were required to abstain and have abstained from voting on the resolution at the SGM. The total number of Shares entitling the Shareholders to attend and vote on the resolution at the SGM was 419,622,500.
2. The total number of Shares entitling the Shareholders to attend and vote only against the resolution at the SGM: Nil.
3. Save as disclosed above, there were no Shares entitling the Shareholders to attend and abstain from voting in favour of the resolution at the SGM as set out in Rule 13.40 of the Listing Rules.
4. Except for APT International, CASC and their associates, none of the Shareholders has stated their intention in the Circular to abstain from voting on the resolution proposed at the SGM. In addition, none of the Shareholders has stated their intention in the Circular to vote against the resolution proposed at the SGM.
5. The Company's branch share registrar in Hong Kong, Tricor Tengis Limited, acted as the scrutineer for the vote-taking at the SGM.

By Order of the Board

APT Satellite Holdings Limited

Lau Tsui Ling Shirley

Company Secretary

Hong Kong, 21 December 2020

As at the date of this announcement, the directors of the Company are:

Executive Directors:

Cheng Guangren (President) and Qi Liang (Vice President)

Non-executive Directors:

Li Zhongbao (Chairman), Lim Toon, Yin Yen-liang, Fu Zhiheng, Lim Kian Soon, He Xing and Tseng Ta-mon(Alternate Director to Yin Yen-liang)

Independent Non-executive Directors:

Lui King Man, Lam Sek Kong, Cui Liguo and Meng Xingguo

3